Sunday 25 December 2011
IPO-Bluplast Industries files DRHP for Rs 60-cr
Bluplast (with an outlay of Rs 39.74 crore) is setting up additional manufacturing facility for the manufacturing of plastic injection moulding products with an installed capacity of 7,900 MTPA in and around Vapi, Bhilad and Pradi, Distt. Valsad, Gujarat. It is also diversifying by setting up a manufacturing facility for the production of non-stick cookware and pressure cookers. Its proposed capacity is 6,000 units per day for non-stick cookware and 1,500 units per day for pressure cookers.
The company also wants to spend Rs 5.53 crore for brand building. It plans Rs 10 crore for additional working capital requirements.For the period of seven months ended on October 31, 2011, the company reported a net profit of Rs 2.01 crore on total income of Rs 102.88 crore. For the financial year ended on March 31, 2011, it had reported profit of Rs 85.17 lakh on total income of Rs 134.13 crore.
Bluplast Industries is engaged in the manufacturing and marketing of plastic thermoware, vacuumware, insulatedware, kitchenware, household, utility and PET products. It sells its products under the brand name “Bluplast” and has has a current installed capacity of 12,100 MTPA.
The company also wants to spend Rs 5.53 crore for brand building. It plans Rs 10 crore for additional working capital requirements.For the period of seven months ended on October 31, 2011, the company reported a net profit of Rs 2.01 crore on total income of Rs 102.88 crore. For the financial year ended on March 31, 2011, it had reported profit of Rs 85.17 lakh on total income of Rs 134.13 crore.
Bluplast Industries is engaged in the manufacturing and marketing of plastic thermoware, vacuumware, insulatedware, kitchenware, household, utility and PET products. It sells its products under the brand name “Bluplast” and has has a current installed capacity of 12,100 MTPA.
